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What Is Limited Liability Partnership (LLP) – Meaning, Features & Benefits

  In the modern business world, entrepreneurs often seek flexible and efficient business structures that provide both liability protection and operational flexibility. One such structure is the Limited Liability Partnership (LLP). While LLPs have gained popularity globally, it’s essential to understand their specifics within the context of the Indian legal framework. So, what exactly is a Limited Liability Partnership under Companies Act? This article will dive deep into the concept, features, legal implications, and advantages of LLPs as outlined under the Indian Companies Act. What Is Limited Liability Partnership? A Limited Liability Partnership (LLP) is a hybrid business structure that combines the benefits of a partnership with the protection of limited liability typically associated with a company. It is an emerging form of business entity that allows businesses to operate without the risk of personal liability for the partners involved. Under this structure, the liability of...

How to Register a Section 8 Company Online in India

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  Starting a non-profit organization in India is a noble initiative that requires careful planning and legal compliance. If your objective is to promote charitable activities such as education, art, science, religion, social welfare, or environmental protection, registering a Section 8 Company is a popular and legally recognized way to do it. This guide explains how to register a Section 8 Company online in India, step by step, along with requirements, benefits, and other practical tips. What is a Section 8 Company? A Section 8 Company is a non-profit organization registered under Section 8 of the Companies Act, 2013 in India. The primary objective of such companies is to promote charitable causes without distributing profits to its members. Key Features of Section 8 Company: Operates for charitable purposes . No dividend distribution to members. Profits are reinvested in the company’s objectives. It can be formed as a Private Limited or Public Limited company . Benefits of R...